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Which of the following is not a feature of Joint Stock Company?
- a)Artificial person
- b)Separate legal entity
- c)Formation
- d)Lack of business continuity
Correct answer is option 'D'. Can you explain this answer?
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Which of the following is not a feature of Joint Stock Company?a)Artif...
Features of Joint Stock Company
Artificial Person: A Joint Stock Company is an artificial person created by law. It has a separate legal existence from its members and can own property, enter into contracts, and sue or be sued in its own name.
Separate Legal Entity: A Joint Stock Company is a separate legal entity from its members, which means that the liability of the members is limited to the amount of their investment in the company. The company can also own property, enter into contracts, and sue or be sued in its own name.
Formation: A Joint Stock Company is formed by a process of registration with the government. The company has to comply with various legal formalities, such as filing of documents, payment of fees, and obtaining approvals from regulatory authorities.
Lack of Business Continuity: This is not a feature of a Joint Stock Company. In fact, a Joint Stock Company has perpetual succession, which means that its existence is not affected by changes in its membership. The company can continue to exist even if one or more of its members die or resign.
Conclusion:
In conclusion, the correct answer is D, lack of business continuity, as it is not a feature of a Joint Stock Company. A Joint Stock Company has perpetual succession and can continue to exist even if its members change.
Artificial Person: A Joint Stock Company is an artificial person created by law. It has a separate legal existence from its members and can own property, enter into contracts, and sue or be sued in its own name.
Separate Legal Entity: A Joint Stock Company is a separate legal entity from its members, which means that the liability of the members is limited to the amount of their investment in the company. The company can also own property, enter into contracts, and sue or be sued in its own name.
Formation: A Joint Stock Company is formed by a process of registration with the government. The company has to comply with various legal formalities, such as filing of documents, payment of fees, and obtaining approvals from regulatory authorities.
Lack of Business Continuity: This is not a feature of a Joint Stock Company. In fact, a Joint Stock Company has perpetual succession, which means that its existence is not affected by changes in its membership. The company can continue to exist even if one or more of its members die or resign.
Conclusion:
In conclusion, the correct answer is D, lack of business continuity, as it is not a feature of a Joint Stock Company. A Joint Stock Company has perpetual succession and can continue to exist even if its members change.
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Community Answer
Which of the following is not a feature of Joint Stock Company?a)Artif...
Because it can't be easily destroyed by insolvency,death, retirement of any member so this type of business is stable
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Which of the following is not a feature of Joint Stock Company?a)Artificial personb)Separate legal entityc)Formationd)Lack of business continuityCorrect answer is option 'D'. Can you explain this answer?
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